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Agriculture loan
Agriculture loans are tailored to acquire capital for various purposes such as expansion, inventory purchase, equipment acquisition, hiring staff, or to manage day-to-day operational expenses. The terms and conditions of these loans vary depending borrower's creditworthiness, collateral, repayment tenure and other factors.
LV0001261
| Project owner | Address |
|---|---|
| header_1 | Declared | Owned |
|---|---|---|
| Farming land | 117.00 ha | 20.00 ha |
| 2021 | 2020 | |
|---|---|---|
| Revenue | 97,451.00 € | 34,865.00 € |
| Net profit | 22,627.00 € | 15,230.00 € |
| Equity ratio | 57.22% | - |
Documents
Payment schedule
DOLCETTA was founded in 2008 and has been growing cannabis since 2013. DOLCETTA Ltd. has obtained organic compliance certificates for both the hemp cultivation process and the production of hemp products.
Hemp is used to produce oil and other products. For more information click here
The farm currently manages 117 ha of land, of which 20 ha is owned.
The farm's machinery fleet consists of: combine harvester, tractor, drill, plough, cultivator, discs, fogger, spreader and other smaller equipment. In addition, the farm hires 3 employees.
For the next season, the farm plans to sow 60 ha of hemp, 25 ha of white clover and 35 ha of buckwheat.
This project aims to borrow EUR 14 000 for the purchase of an Italian-made drying cabinet. The purchase of this drying cabinet for drying chilli peppers will allow to increase the volume of production.
This is the second loan of the project owner on the platform. The existing credit LV0001063 with an active balance of EUR 38 400 is paid on time.
Project risks
For this project, there is a risk of losing all the profits made and the funds invested.
In this case, if the Project Owner fails to fulfill its obligations, the Platform Operator will take all necessary measures to protect the interests of investors and use the provided collateral, but the Platform Operator does not guarantee the full fulfillment of the Project Owner's obligations.
Financial agreements are not subject to the insurance protection established by the Law on Insurance of Deposits and Liabilities to Investors of the Republic of Lithuania.
Additional information:
If the project owner does not collect the amounts to be financed, the collected funds will be returned to the funders by transferring them to the account from which they were transferred. The Platform Operator also has the right to offer the Project Owner to reduce the amount to be financed during the Project financing term or to extend the Project financing term. In this case, if the amount to be financed is reduced or the term of financing the Project is extended, it shall in all cases be announced on the Platform and the Fund's financiers shall be informed.